Polymarket, a betting platform, experienced a significant withdrawal of value after settling its biggest historical betting pair, the US election. The platform lost up to 50% of its locked value, with total value locked dropping from $511 million to $181 million. The loss of interest in Polymarket, similar to PolitiFi tokens, follows the trend of the memetic value of bets diminishing after the election. Despite offering zero fees and being popular, Polymarket continues to see outflows. The platform now focuses more on sports betting and offers a smaller selection of political bets. Polymarket hinted at a potential airdrop to counter the outflows, but it did not prevent whales from cashing out. The airdrop may require users to hold liquidity on the platform, but the exact conditions are unknown. Small-scale traders and whales both focused on Polymarket's major betting pair, but now smaller markets are struggling. Notable gains were made by French trader Theo4, who is still at the top of the Polymarket leaderboard and made a final bet on Kamala Harris winning the popular vote.



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